SPS Commerce, Inc. (NASDAQ:SPSC – Get Free Report) CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now directly owns 54,446 shares in the company, valued at $9,238,941.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SPS Commerce Stock Up 0.9 %
Shares of SPSC stock opened at $185.27 on Friday. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The firm has a 50-day moving average price of $188.32 and a 200 day moving average price of $190.80. The company has a market capitalization of $6.96 billion, a P/E ratio of 88.65 and a beta of 0.84.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, research analysts expect that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.
Hedge Funds Weigh In On SPS Commerce
Analyst Ratings Changes
Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 25th. DA Davidson upped their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research note on Friday, October 25th. Finally, Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $205.00 to $209.00 in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $223.63.
Check Out Our Latest Stock Report on SPS Commerce
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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